{"id":9820,"date":"2015-02-14T14:00:03","date_gmt":"2015-02-14T07:00:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-a-dream-holiday-home-abroad-becomes-a-nightmare\/"},"modified":"2016-04-02T19:41:58","modified_gmt":"2016-04-02T12:41:58","slug":"when-a-dream-holiday-home-abroad-becomes-a-nightmare","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-a-dream-holiday-home-abroad-becomes-a-nightmare\/","title":{"rendered":"When a dream holiday home abroad becomes a nightmare"},"content":{"rendered":"


\nBritish investors who took out Swiss franc mortgages to buy property in Cyprus are feeling the painThey are the Brits who bought their dream holiday home in Cyprus, but have seen it turn into a nightmare, with property prices falling and the cost of the monthly mortgage repayments soaring after they were persuaded to take out loans in Swiss francs. Last month a shock rise in the value of the Swiss franc made the mortgage burden even more unbearable \u2013 and has left investors in despair.Many buyers are now taking legal action in Cyprus, claiming they were mis-sold mortgages and misled by developers and solicitors. Some even face the threat of losing their UK homes. Continue reading…
\n
\nSource : theguardian.com
\nRead more…When a dream holiday home abroad becomes a nightmare<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

British investors who took out Swiss franc mortgages to buy property in Cyprus are feeling...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-9820","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2yo","jetpack-related-posts":[{"id":23231,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-widows-house-sale-money-locked-up-in-cyprus\/","url_meta":{"origin":9820,"position":0},"title":"British widow's house-sale money locked up in Cyprus","date":"April 6, 2013","format":false,"excerpt":"\r Sharon Connor sold her Cyprus house to move back to the UK. The next day the money was frozen \u2013 now she fears she has lost much of her cash, and her new home purchaseSharon Connor lost her husband suddenly when he was struck down by a heart attack,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121851,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-demand-for-rental-home-mortgages-surges-amid-domestic-holiday-boom\/","url_meta":{"origin":9820,"position":1},"title":"UK demand for rental home mortgages surges amid domestic holiday boom","date":"September 6, 2021","format":false,"excerpt":"\r Number of \u2018holiday let\u2019 mortgage deals on the market more than doubles in a yearThe boom in domestic holidays has fuelled a surge in demand for mortgages for UK holiday rental homes as landlords and investors cash in on people taking breaks in Britain.The number of \u201choliday let\u201d mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108454,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-investors-turn-to-cyprus-property-in-search-of-sunshine-and-eu-passports\/","url_meta":{"origin":9820,"position":2},"title":"Chinese investors turn to Cyprus property in search of sunshine and EU passports","date":"June 26, 2019","format":false,"excerpt":"\r Chinese investors are thronging the sunny shores of Cyprus in search of property and passports that will allow them to work, travel and live in the European Union.\u201cCyprus is a beautiful place that offers a very high quality of life, access to Europe and good real estate investment opportunities.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/navigating-relocation-noa-circle-illuminates-the-path-to-cyprus-for-businesses-and-investors\/","url_meta":{"origin":9820,"position":3},"title":"Navigating relocation: Noa Circle illuminates the path to Cyprus for businesses and investors","date":"October 2, 2023","format":false,"excerpt":"\r Noa Circle provides tailored advice and solutions for businesses exploring relocation and investment, focusing on meeting the unique needs of each client\r \r Source : arabianbusiness.com\r Read more...Navigating relocation: Noa Circle illuminates the path to Cyprus for businesses and investors","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/10\/Apollon-Nicholas-Athanasiades-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":23597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cyprus-offers-thai-property-investors-eu-citizenship\/","url_meta":{"origin":9820,"position":4},"title":"Cyprus offers Thai property investors EU citizenship","date":"August 22, 2016","format":false,"excerpt":"\r Lifetime EU membership can be had by those with a liquid USD3 million Cyprus offers good quality of life. Image credit: Anilah\/Shutterstock Thai property investors are among those being \u201cwooed\u201d by Cyprus, offering them lifelong European Union citizenship for investments of over Bt100 million (USD2.9 million). This is one\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/local-focus-dream-home-becomes-a-nightmare\/","url_meta":{"origin":9820,"position":5},"title":"Local Focus: Dream home becomes a nightmare","date":"September 4, 2017","format":false,"excerpt":"\r When Lesley Thomas and George Griffiths bought their 8-year old house near Ashhurst, it was supposed to be a peaceful retreat. Three months after purchase, it's anything but.\"We just had water everywhere, through the front door,...\r \r Source : nzherald.co.nz\/Property\r Read more...Local Focus: Dream home becomes a nightmare","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9820"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=9820"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9820\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}